CHERAS BUSINESS CENTRE
Residential Market
Median Price
RM 250,000
PSF Trends (2021-2025)
Commercial Market
Median Price
RM 195,000
PSF Trends (2021-2025)
PROPERTY TYPES OVERVIEW
Office Lot
21 properties
Median Price
RM 195,000
+9.7% CAGR
Median PSF
RM 335.00
+7.3% CAGR
Shop/Retail Lot
19 properties
Median Price
RM 230,000
-10.7% CAGR
Median PSF
RM 396.00
-7.1% CAGR
Service Apartment
3 properties
Median Price
RM 227,250
-12.5% CAGR
Median PSF
RM 364.00
-12.4% CAGR
6-Storey Storey Shop
1 properties
Median Price
RM 320,000
Median PSF
RM 450.00
Property Type | Properties | Median Price | Price CAGR | Median PSF | PSF CAGR | |
---|---|---|---|---|---|---|
Office Lot | 21 |
RM 195,000
±28K MAD
|
+9.75% |
RM 335.00
±32 MAD
|
+7.35% | |
Shop/Retail Lot | 19 |
RM 230,000
±25K MAD
|
-10.71% |
RM 396.00
±22 MAD
|
-7.05% | |
Service Apartment | 3 |
RM 227,250
±30K MAD
|
-12.53% |
RM 364.00
±48 MAD
|
-12.42% | |
6-Storey Storey Shop | 1 |
RM 320,000
|
- |
RM 450.00
|
- |
CHERAS BUSINESS CENTRE in Kuala Lumpur, Kuala Lumpur recorded 5 subsale transactions in 2021, with a median price of RM 195K and a median price per square foot (PSF) of RM 342.
This area contains both residential and commercial properties. View 3 residential properties or 41 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 195K, with most transactions falling within a stable range of RM 140K to RM 255K, and a typical market range of RM 149K to RM 241K.
Most transactions involved office lot, with moderate diversity in property types available.
Price per square foot shows a median of RM 342, though individual units vary from RM 270 to RM 414 in the core range. The broader market spans RM 282.13 to RM 401.88, indicating diverse property characteristics. The spread of RM 119.75 (IQR) and deviation of RM 72 (MAD) suggest moderate price variations reflecting different property features.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
Filter by type, year, price, and size
Transactions
5 properties grouped by size
Road | Price | PSF | Size | Date | Type |
---|
RM 140,000
|
RM 265.00
|
527 sqft
|
Oct 2021
|
Office Lot | |
RM 195,000
|
RM 342.00
|
570 sqft
|
Oct 2021
|
Office Lot | |
RM 190,000
|
RM 333.00
|
570 sqft
|
Oct 2021
|
Shop/Retail Lot |
RM 280,000
|
RM 473.00
|
592 sqft
|
Dec 2021
|
RM 300,000
|
RM 418.00
|
717 sqft
|
Jul 2021
|